Regulation & Compliance
Greenberg Presses for Bernanke Testimony in Lawsuit Over AIG Bailout
U.S. Federal Reserve Chairman Ben Bernanke should be required to testify in Maurice "Hank" Greenberg's lawsuit over the bailout of American International Group Inc., Greenberg's lawyers said. ...
Court Says Insurers Can Probe Whether Rogue MF Global Trader Was Employee
An American International Group Inc. unit and other insurers can probe whether a "rogue trader" was an employee of MF Global Holdings Inc. as part of a lawsuit over liabilities for losses tied to the ...
MetLife Nears Systemic Financial Institution Risk Tag
MetLife Inc., the largest U.S. life insurer, was moved to the last stage of a regulatory review that may impose extra Federal Reserve oversight. The Financial Stability Oversight Council, a group of ...
Apple Controversy Lays Bare Complex Irish Tax Web: Reuters Report
Occupying a single floor of a three-story building in a suburban Dublin office park, Western Union's offices are notably modest for the international headquarters of the world's largest money ...
SEC Officials Frustrated with Slow Pace of Dodd-Frank Rules
Top U.S. Securities and Exchange Commission officials are frustrated over lack of progress in finalizing rules for credit rating agencies and asset-backed securities (ABS), seen by regulators as ...
SEC Fraud Case Against Goldman Sach’s ‘Abacus’ Trader Goes to Trial
The U.S. Securities and Exchange Commission heads to trial Monday against a former Goldman Sachs bond trader in a case it says highlights what went wrong on Wall Street in the financial crisis. Jury ...Enstar Deal Prompts A.M. Best Review Of Torus
A.M. Best Co. put the A-minus (excellent) financial strength ratings of Torus Specialty Insurance Company and Torus National Insurance Company under review with negative implications yesterday. The ...
Senate Told Fed Is Confined to Bank-Based Approach for Insurers
The Federal Reserve is working to modify a bank-based capital model to cover insurance companies as much as they can under Dodd-Frank Act restraints, Fed Governor Daniel Tarullo told lawmakers at a ...